Mortgage and Financial News From 2008-1-15 Page 30

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  • Investing in stuff develops into a fine art - Times Online

    Investing in stuff develops into a fine artTimes Online, UK - 26 minutes agoBanks that invest in whizzy things such as credit card receivables and mortgage securities are yesterday's cold turkey. Instead, the moneymen are buying ...
    2008-01-15 04:33:45

  • Mortgage lender IndyMac slashing work force | KXNet.com North ... - Reiten Television KXMB Bismarck

    Mortgage lender IndyMac slashing work force | KXNet.com North ...Reiten Television KXMB Bismarck, ND - 23 minutes agoAP LOS ANGELES (AP) Mortgage lender IndyMac Bancorp is taking action to weather the worsening housing slump and sagging demand for home loans. ...
    2008-01-15 04:37:11

  • Mortgage lender IndyMac to cut 24 percent of work force - Press-Enterprise

    Mortgage lender IndyMac to cut 24 percent of work forcePress-Enterprise, CA - 15 minutes agoThe mortgage sector has shed thousands of jobs as the housing downturn has worsened and home loan defaults soared, driving scores of mortgage lenders ...
    2008-01-15 04:44:39

  • $18bn write-off at Citigroup prompts slide in markets - Guardian Unlimited

    $18bn write-off at Citigroup prompts slide in marketsGuardian Unlimited, UK - 12 minutes agoProviding fresh evidence of the impact of sour sub-prime mortgage loans on the balance sheets of big US banks, Citigroup said its losses were $9.83bn in the ...
    2008-01-15 04:47:58

  • Mortgage committments up 4pc - Melbourne Herald Sun

    Mortgage committments up 4pcMelbourne Herald Sun, Australia - 7 minutes agoMORE people than expected took out home loans in November, despite the Reserve Bank's interest rate hike. A total of 65831 people secured a home loan in ...
    2008-01-15 04:52:40

  • Mortgage lender IndyMac slashing work force (KIFI Idaho Falls)

    Associated Press - January 15, 2008 7:23 PM ET LOS ANGELES (AP) - Mortgage lender IndyMac Bancorp is taking action to weather the worsening housing slump and sagging demand for home loans.
    2008-01-15 04:34:42

  • Mortgage lender IndyMac slashing work force (FOX 12 Idaho)

    LOS ANGELES (AP) - Mortgage lender IndyMac Bancorp is taking action to weather the worsening housing slump and sagging demand for home loans. It is slashing its work force by 24%, laying off 2,400 employees in a bid to cut costs.
    2008-01-15 04:38:21

  • Fear of the Home-Office Deduction (WallStreet Journal via Yahoo! Finance)

    Fears of getting audited when claiming the home-office deduction are exaggerated, advisers say.
    2008-01-15 04:38:57

  • Fears About Economy Worsen (Washington Post)

    Spiraling debt crisis and growing U.S. trade deficit spur urgent calls for policies to stave off recession.
    2008-01-15 04:39:54

  • Citigroup Loss Raises Anxiety Over Economy (NYTimes.com via Yahoo! Finance)

    Reporting a staggering fourth-quarter loss of $9.83 billion, Citigroup also issued a sobering forecast that the housing market and economy have not yet bottomed out.
    2008-01-15 04:40:16

  • IndyMac Laying Off 2,403 Employees (IWon - Money)

    LOS ANGELES (AP) — Mortgage lender IndyMac Bancorp Inc. said Tuesday it will slash its work force by 24 percent, laying off 2,403 employees in a bid to cut costs as it tries to weather the worsening housing slump and sagging demand for home loans.
    2008-01-15 04:46:10

  • U.K. Housing Market Was Worst Since 1992 in December, RICS Says (Bloomberg.com)

    Jan. 16 (Bloomberg) -- U.K. real-estate professionals said December was the worst month for the housing market since the aftermath of Britain's last recession in 1992.
    2008-01-15 04:47:25

  • Stocks Pushed Down By Recession Fears (KSAT San Antonio)

    A growing conviction that the U.S. is headed toward recession sent Wall Street plunging on Tuesday.
    2008-01-15 04:50:58

  • Principal bets on interest-sensitive Indian stocks

    Reuters India - Bhat sees stable interest rates and curbs on external commercial borrowing to trigger a revival in domestic credit growth and ... The current trend in the economy offers serious opportunities for growth in financial intermediation by banks, mutual ...
    2008-01-15 04:13:00

  • AMB Property Corporation(R) Expands S. California Platform With 902 ...

    Forbes - Wal-Mart Stores, Inc. is the current customer at the property. "This Class-A industrial property, AMB Loma Grande ... or contemplated in the forward-looking statements: defaults on or non-renewal of leases by tenants, increased interest rates and ...
    2008-01-15 02:57:00

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